It is not about Ratan Tata or India’s largest auto company, Tata Motors —which is challenging assumptions of costs the world over. The Rs 1,500 crore that the company is ready to forego for employee safety is as generous a promoter as any worker can aspire for. The amount — 9 per cent of the company’s market capitalisation — has been taken in stride by the 309,530 shareholders. Between Tata’s exit threat and today, its stock has risen almost 5 per cent.
Opinion in Hindustan Times, August 25, 2008